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EXR Extra Space Storage

reit · valued with glm-5.2 medium conviction · deep-dived 2026-09-03

STRONG BUY
Intrinsic value$131.00
Price (at call)$139.93
Margin of safety -6.4%
vs market (rating basis) +84.9%

Model unavailable; showing baseline valuation.

⚠ LLM error: empty response; using baseline

The story

Value drivers

AFFO growth (Y1)12.0%
Terminal AFFO growth3.0%
AFFO / FFO ratio80.0%
Beta1.19
Failure probability0.0%
Cost of equity10.1%

Valuation bridge

PV of AFFO (explicit)12.62B
PV of terminal value15.06B
Equity value27.68B
÷ shares → per share$131.00

News

neutral -0.10 · 8 articles

  • Why Is Extra Space Storage (EXR) Down 5.7% Since Last Earnings Report?
  • Are Wall Street Analysts Predicting Extra Space Storage Stock Will Climb or Sink?
  • Extra Space Storage (EXR) Keeps Income In Focus Following Its Dividend Declaration
  • Extra Space Storage (EXR) Stock Could Be Undervalued On Cash Flow Yet Full On Earnings
  • APLE vs. EXR: Which Stock Is the Better Value Option?
  • 5 Recession-Proof Stocks Hiding in Cardboard Boxes
  • APLE or EXR: Which Is the Better Value Stock Right Now?
  • Self-Storage REITs Show Mixed NOI in Q2 2026 Earnings

Projected AFFO

YrFFOAFFOGrowthPV
11.86B 1.49B12.0% 1.35B
22.07B 1.66B11.0% 1.37B
32.28B 1.82B10.0% 1.36B
42.48B 1.99B9.0% 1.35B
52.68B 2.14B8.0% 1.32B
62.87B 2.29B7.0% 1.29B
73.04B 2.43B6.0% 1.24B
83.19B 2.55B5.0% 1.18B
93.32B 2.66B4.0% 1.11B
103.42B 2.74B3.0% 1.04B

History

DatePriceIntrinsicMoSRating
2026-09-03$139.93 $131.00 -6.4% STRONG BUY
2026-07-13$143.96 $132.08 -8.3% STRONG BUY
2026-06-23$147.76 $134.34 -9.1% STRONG BUY